Kaspi.kz will buy GDR with the help of J.P. Morgan Securities Plc (JPMS), which will buy GDR in the market and then sell it to Kaspi. The two companies have already cooperated this way before when J.P. Morgan Securities placed Kaspi’s GDR on the LSE and bought out its shares. The current buyback program started on March 22 and will last until July 21, the company said in a statement.

In January 2023, the KASE index grew by 1.5% and reached 3,299.91 points. In December 2022, this rate showed a 6.1% growth, according to the Kazakhstan Stock Exchange (KASE). Five stocks of the index reported positive results in January.